Crocs (NASDAQ:CROX) announces its next round of earnings this Thursday, July 22. Here is Benzinga’s everything-that-matters guide for this Thursday’s Q2 earnings announcement.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Based on management’s projections, Crocs analysts model for earnings of $1.52 per share on sales of $559.11 million. Crocs earnings in the same period a year ago was $1.01 per share. Quarterly sales came in at $331.55 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the “consensus estimates.” A company posting earnings or revenue above or below the consensus estimate is known as an “earnings surprise” and may move the stock by a considerable margin.
The Wall Street consensus estimate for earnings would represent a 50.5% increase for the company. Revenue would be have grown 68.64% from the same quarter last year. Crocs’s reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.89 | 0.78 | 0.69 | 0.14 |
| EPS Actual | 1.49 | 1.06 | 0.94 | 1.01 |
| Revenue Estimate | 414.23 M | 399.51 M | 339.56 M | 246.93 M |
| Revenue Actual | 460.10 M | 411.51 M | 361.74 M | 331.55 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Crocs were trading at $116.29 as of July 20. Over the last 52-week period, shares are up 228.5%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Crocs is scheduled to hold the call at 08:30:00 ET and can be accessed here.
